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® The Official Monthly Publication of the Sarasota Association of Realtors ® JUNE 2014 Why Should You Invest? $ Sadowski Funds utilized for low-income housing $ More state revenues devoted to the homeless $ Flood insurance reforms enacted $ Water quality improvements made $ Sales tax on commercial leases fought $ Protected consumers from post-claim underwriting See Page 6-7

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Page 1: Srmag june2014 web

®SarasotaREALTORThe Official Monthly Publication of the Sarasota Association of Realtors®

JUNE 2014

Why Should You Invest?

$ Sadowski Funds utilized for low-income housing

$ More state revenues devoted to the homeless

$ Flood insurance reforms enacted

$ Water quality improvements made

$ Sales tax on commercial leases fought

$ Protected consumers from post-claim underwriting

See Page 6-7

Page 2: Srmag june2014 web

CGC1513647 *Home and community information, including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. Pictures, features, colors and sizes are approximate for illustration purposes only and will vary from homes as built. ** Square footage dimensions are approximate. ***Pools are not available in all home sites

• Floor Plans from 2,392 - 4,363 sq. ft.**

• Master Down and One Story Plans Available

• Highly Appointed Interior & Exterior Finishes

• Pools w/ Covered Lanais***

• Just minutes to Siesta Key, Shops &Downtown Sarasota

• Located in an A-rated school district

Come Preview Our Furnished Model!Visit 1959 Bougainvillea Street, Sarasota

Or, for more information call:(941) 924-1777

West of the Trai l

Other Sarasota Homes

Available

EmeraldHomes.com

New Homes from the Upper $500s*

“Tradition of Building Excellence”

Prices shown are estimated base prices, do not include lot premiums or options and are subject to change without notice. Community Association fees required. Additional terms, conditions and restrictions apply. Photographs are for illustrative purposes only and are not intended to be an actual representation of a specific community, neighborhood or any completed improvements being offered. Please see a sales associate for details. This material shall not constitute a valid offer in any state where prior registration is required or if void by law. ©2013 Pulte Home Corporation. All rights reserved. 8/5/13. CGC1505166

Sandhill Preserve on Palmer Ranch SARASOTA

Coming Soon – Join the Interest List for Exclusive Updates

The Isles on Palmer Ranch SARASOTA

From the low $300s

1,911 – 2,488 sq. ft.

Less than 10 Homesites Remain!

2 Decorated models open daily.3 bedrooms, 2-3 baths Village Center with heated lagoon pool, fitness center, tennis, bocce ball, activity rooms and more

1907 Burgos Drive | Sarasota, FL 34238

IslandWalkat the West Villages NORTH PORT

From the high $100s

1,392 – 2,488 sq. ft.

New Cambridge Model Now Open!

5 Decorated models open daily. 2-3 bedrooms, 2-3 baths Resort Center with lagoon and lap pools,tennis courts, bocce ball, activity and craft rooms, fitness center, library and more

13575 Salinas Street | Venice, FL 34293

Homesinspired byyou and alifestyle

made for you.

Schedule a visit and register your clients today.

It’s time for a fresh start in a place that has everything you want, right where you want to be. And with world-class amenities, personalized designer options and built solid block wall construction, at DiVosta you’ll discover a home inspired by you and the lifestyle you love.

866-210-3134 | divosta.com

Page 3: Srmag june2014 web

CGC1513647 *Home and community information, including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. Pictures, features, colors and sizes are approximate for illustration purposes only and will vary from homes as built. ** Square footage dimensions are approximate. ***Pools are not available in all home sites

• Floor Plans from 2,392 - 4,363 sq. ft.**

• Master Down and One Story Plans Available

• Highly Appointed Interior & Exterior Finishes

• Pools w/ Covered Lanais***

• Just minutes to Siesta Key, Shops &Downtown Sarasota

• Located in an A-rated school district

Come Preview Our Furnished Model!Visit 1959 Bougainvillea Street, Sarasota

Or, for more information call:(941) 924-1777

West of the Trai l

Other Sarasota Homes

Available

EmeraldHomes.com

New Homes from the Upper $500s*

“Tradition of Building Excellence”

Prices shown are estimated base prices, do not include lot premiums or options and are subject to change without notice. Community Association fees required. Additional terms, conditions and restrictions apply. Photographs are for illustrative purposes only and are not intended to be an actual representation of a specific community, neighborhood or any completed improvements being offered. Please see a sales associate for details. This material shall not constitute a valid offer in any state where prior registration is required or if void by law. ©2013 Pulte Home Corporation. All rights reserved. 8/5/13. CGC1505166

Sandhill Preserve on Palmer Ranch SARASOTA

Coming Soon – Join the Interest List for Exclusive Updates

The Isles on Palmer Ranch SARASOTA

From the low $300s

1,911 – 2,488 sq. ft.

Less than 10 Homesites Remain!

2 Decorated models open daily.3 bedrooms, 2-3 baths Village Center with heated lagoon pool, fitness center, tennis, bocce ball, activity rooms and more

1907 Burgos Drive | Sarasota, FL 34238

IslandWalkat the West Villages NORTH PORT

From the high $100s

1,392 – 2,488 sq. ft.

New Cambridge Model Now Open!

5 Decorated models open daily. 2-3 bedrooms, 2-3 baths Resort Center with lagoon and lap pools,tennis courts, bocce ball, activity and craft rooms, fitness center, library and more

13575 Salinas Street | Venice, FL 34293

Homesinspired byyou and alifestyle

made for you.

Schedule a visit and register your clients today.

It’s time for a fresh start in a place that has everything you want, right where you want to be. And with world-class amenities, personalized designer options and built solid block wall construction, at DiVosta you’ll discover a home inspired by you and the lifestyle you love.

866-210-3134 | divosta.com

Page 4: Srmag june2014 web

Sarasota Realtor® MagazineVolume 11, Issue 6

JUNE 2014

Sarasota Association of Realtors®, Inc.

2320 Cattlemen Road Sarasota, Florida 34232

Phone: 941/952-3400 FAX: 941/952-3401

www.sarasotarealtors.com www.facebook.com/SarasotaRealtors

2014 SAR OfficersPresident

Peter Crowley RE/MAX Alliance Group

President-Elect Stafford Starcher

RE/MAX Alliance GroupSecretary

Amy Worth-Paul RE/MAX Platinum Realty

Treasurer Xena Vallone

Xena Vallone RealtyImmediate Past President

Roger Piro Town & Country RealtyChief Executive Officer

Kathy RobertsMission Statement

The mission of the Sarasota Association of Realtors® is to advance members’ professionalism through delivery of education and resources while upholding the Realtors® Code of Ethics. We are committed to be the leading advocate of real estate in the communities we serve by protecting private property rights and expanding relationships with individuals and organizations both locally and worldwide. Sarasota Realtor® is published monthly by the Sarasota Association of Realtors® Inc.

Editorial StaffDirector of Communications

Ray PorterDirector of Membership

and Administrative ServicesDan Andrews

Director of Information TechnologyJesse Sunday

Director of Professional DevelopmentCatherine McCaskill

Governmental Affairs DirectorMarc Mansfield

ProductionCoastal Printing, Inc.

Sarasota Realtor® Advertising: For information on advertising rates and deadlines, contact Ray Porter at 941/952-3405 or [email protected].

Subscriptions: The annual dues of every member of the Sarasota Association of Realtors®, Inc., includes a one-year subscription to Sarasota Realtor® magazine. A yearly subscription for Sarasota Realtor® magazine is available to non-members for $25, plus Florida sales tax.

Editorial ideas and manuscripts are welcome. Byline articles and columns express the opinions of the writers and do not necessarily reflect the policies or sentiments of the Sarasota Association of Realtors®, Inc. All submitted copy is subject to editing.2014 Copyright© by the Sarasota Association of Realtors®, Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited. V

olum

e 11

• Is

sue

6 •

JUN

E 20

14

Con

tent

s

6 At the Table By supporting the Realtors® Political Action Committee (RPAC),

SAR members help the real estate industry push to elect candidates

who support the issues that impact their livelihood.

10 A Big Thanks! Members of SAR who invest $99 or more in RPAC are acknowledged

every year in the pages of our magazine, because it is through

their contributions that RPAC makes a difference.

12 Annual Report The Sarasota County Property Appraiser has released the Annual

Report for 2013, and the numbers demonstrate a healthy overall

market value increase of 6 percent over 2012.

13 District Gathering The District 13 Conference and Trade Show Expo is set for June 20th and SAR is organizing and promoting the event, which will bring more than 400 Realtors® from 6 area associations.

15 2nd Highest Sales Ever! The month of April 2014 saw the second highest number of sales in a single month in the history of Sarasota County, almost topping 1,200 and continuing to demonstrate a thriving market.

In every issue10- Governmental Affairs

12- Property Appraiser

15- Sales and Listing Statistics

18- Commercial Investment Division

20- Education Programs

27- Pathways to Professionalism

30- Membership

32- Calendar of Events/Education

RiddellLaw Group

R L G

3400 S. Tamiami Trail, Sarasota, Florida

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free, written information about our qualifications and experience.

Call 941-366-1300 For A FREE CONSULTATION

www.rlglawfirm.com

KNOW YOUR OPTIONSShort Sales Foreclosure Defense Real Estate Closings

Jefferson F. Riddell, Esq.Board Certified Real Estate Attorney

4 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

Page 5: Srmag june2014 web

Affiliate Spotlighton Kody Klein

The June 2014 SAR Affiliate Spotlight is on Kody Klein, accounts manager at Elite Landscape Services.

Kody’s parents, Joseph and Kari Klein, purchased ELS in September 2013. At the time, he was working as a journalist in Southeast Michigan. But when his dad offered him the opportunity to learn the basics of running a business, Kody moved to Sarasota and jumped on a lawn mower.

Now, Kody runs ELS with James “JP” Habib. Kody spends most of his time managing the accounting and customer relations, while JP manages the field operations.

ELS is a quality-driven lawn and landscape maintenance company servicing residential and commercial properties in Manatee and Sarasota counties. In addition to monthly lawn, landscape, and irrigation maintenance, ELS offers landscape design and installation.

Kody can be reached by phone at 941-737-7763, or by e-mail at [email protected].

RiddellLaw Group

R L G

3400 S. Tamiami Trail, Sarasota, Florida

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free, written information about our qualifications and experience.

Call 941-366-1300 For A FREE CONSULTATION

www.rlglawfirm.com

KNOW YOUR OPTIONSShort Sales Foreclosure Defense Real Estate Closings

Jefferson F. Riddell, Esq.Board Certified Real Estate Attorney

Kody Klein

Quarterly Membership LuncheonThe Sarasota Association of Realtors® will hold the

Second Quarter Membership Meeting on Thursday, June 12th from 11:30 a.m. to 1 p.m. at Der Dutchman Restaurant, 3713 Bahia Vista Street, Sarasota.

Special guest speaker will be Octavio Ortiz, general manager of The Mall at University Town Center, which is scheduled to open Oct. 16, 2014. He will provide an update on the construction and grand opening preparations. The meeting is jointly sponsored by SAR and the Sarasota Chapter of the Women’s Council of Realtors®.

In addition, the Florida Realtors® Honor Society inductees will be recognized, as well as the SAR Scholarship Winners for 2014.

The following SAR members will be recognized for membership in the Florida Realtors® Honor Society: Paula J. Cashi, David P. Clapp, Michelle Crabtree, Michael Davenport, Doris R. Edwards, Iva Fadley-Dane, William C. (Bill) Furst, Jr., Darla Furst, William Geller, Marianne LeBar, Brian McGreevy, Margo MacKenzie, Renee Marquiss, Roger M. Piro, Christina Pitchford, Carla Rayman, Ann T. Ross, Judy Schomaker, Alfredda Smith-Odato, Stafford Starcher, Joyce Marie Steward, Kristin K. Triolo, Xena Vallone and Amy Worth-Paul.

Register now at www.sarasotarealtors.com in order to ensure you take part in this important meeting.

Page 6: Srmag june2014 web

SRealtors® invest in their future through RPAC

Cove

r Sto

ry At the TableSo what is this RPAC all about anyway? Maybe

you’ve heard the acronym tossed around in the halls of the Sarasota Association of Realtors®, or at a Florida Realtors® or NAR conference or seminar. But, busy with sales and listings and your everyday life, it just never occurred to you to look into the meaning behind the letters.

First of all, RPAC stands for Realtors® Political Action Committee. Since 1969, RPAC has promoted the election of pro-Realtor® candidates across the United States. The purpose of RPAC is clear: Realtors® raise and spend money to elect candidates who understand and support their interests and those of property owners.

The money to accomplish this comes from voluntary contributions made by Realtors®. These are not members’ dues; this is money given freely by Realtors® in recognition of how important campaign fundraising is to the political process.

RPAC doesn’t buy votes. RPAC enables Realtors® to support candidates that support the issues that are important to their profession and livelihood.

In the past decade did you know RPAC has saved the real estate community millions of dollars? In fact:

• You were personally saved $1,200 with the defeat of a proposal to levy a service tax on all professionals – including Realtors®.

• You were saved $260 through the defeat of a proposal to treat Realtors® as employees under the Workers Compensation Act.

• You were saved $45 by the defeat of a proposal to tax Internet provider services used by Realtors®.

Read the article on Page 7 to see some of the issues the real estate community has championed in the last year at the state level, with the help of RPAC dollars.

The purpose of RPAC is essentially to promote and defend issues that impact the livelihood or every Realtor® member of our Association!

The Realtor® Party is all about Realtors® working together to VOTE, ACT and INVEST to protect the dream of home ownership, to build vibrant communities, and to promote a strong U.S. economy.

• Vote - Realtors® should work together to protect Realtor® interests by voting and educating voters about issues that affect property owners.

• Act - Realtors® should work together in support of policies and regulations that promote home ownership and the real estate industry.

• Invest - Realtors® should work together to contribute to candidates who support Realtors® and private property rights.

Nearly 8,500 Realtors® and their guests recently gathered in Washington, D.C. on May 12-17 for the Realtor® Party Convention & Trade Expo. They advocated policies to protect and advance investment in residential and commercial property.

Realtors attended informative sessions concerning top issues impacting the industry and their business and clients. They met with legislators, congressional and regulatory staff, and top industry executives who are working to provide real solutions. The meetings focused on critical real estate issues such as preserving the mission and accessibility of Federal Housing Administration and Veterans Affairs home loan programs, protecting real estate-related tax policies, and reforming the secondary mortgage market.

Advocacy has been together under one banner – the Realtor® Party.”

We are the Realtor® Party - an energized movement of real estate professionals fighting to keep the dream of homeownership alive for this country.

Now more than ever, it is critical for Realtors® across America to come together and speak with one voice about the stability that a sound and dynamic real estate market brings to our communities.

From city hall to the state house to the U.S. Capitol,

Continued on P. 29, See RPACOffices in Downtown Sarasota, FL & Lancaster, PA

888.735.2008

Experienced Assistance for the Real Estate Industry

A realistic, no-nonsense approach. We listen to your needs and move the process forward, fast.

Reliance offers a discount to SAR members on Due Diligence Services:

• Phase I and II ESAs • SBA Loan Experience • Dry Cleaner Assessment

• Ecological Surveys • Soil & Groundwater Testing • Gas Station Investigations

Professional Environmental Consulting

ASSESSMENTS TO REMEDIATION—WWW.RELIANCEENV.COM

6 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

Page 7: Srmag june2014 web

Legislative Wins and LossesAffordable Housing is a winnerThe last time lawmakers directed Sadowski Affordable

Housing Trust Funds to housing and not general revenue, Florida upset Ohio State to win the BCS Championship and Apple introduced the iPhone.

It’s a different story this year. For the first time in seven years, a significant amount of money collected for the Sadowski Funds from a portion of doc stamp taxes will go toward housing. It was one of several victories for Florida Realtors® during the 60-day legislative session.

“When the state faced a budget shortfall, legislators felt the need to sweep Sadowski monies into general revenue,” says John Sebree, Florida Realtors®’ chief lobbyist. “This year, there was a $1.2 billion budget surplus. It’s a huge victory for Florida Realtors®, for the property owners who pay doc stamps and, most importantly, for the thousands of Floridians, many of them school-age children, who benefit from housing funds.”

Of the $167 million appropriated to the Sadowski Funds, lawmakers directed $100 million to the State Housing Initiative Program (SHIP) and $67.7 million to State Apartment Incentive Loans (SAIL). SHIP provides money to refurbish existing homes for low-income families and provides down payment assistance and lease-purchase assistance. SAIL provides rental assistance.

Here’s how Florida Realtors®’ other top initiatives fared this session:

Help for the homeless: Florida Realtors® 2014 President Sherri Meadows made homelessness a priority this year, and the association advocated for legislation that provides housing for extremely low-income and homeless populations by funding local homeless coalitions. HB 979 by Rep.

Kathleen Peters (R-St. Petersburg) establishes challenge grants for local homeless coalitions, nonprofits and other agencies that assist the homeless, and will also provide these agencies with training and technical assistance. The 2014-2015 state budget provides $4 million for homeless programs. Effective July 1, 2014.

Post Biggert-Waters: Developing a private flood insurance market. Despite reforms at the federal level to slow flood insurance rate increases, Florida Realtors® and other business groups sought an alternative to the NFIP at the state level. SB 542 by Sen. Jeff Brandes (R-St. Petersburg) encourages private insurers to enter the Florida market by giving them rate-setting flexibility and reduced regulatory burdens. Early on, the House and Senate disagreed on how much flexibility to give insurance companies on the amount of coverage required. SB 542 requires the same coverage, deductibles and adjustment of losses as provided by the NFIP.

FIGA reforms fall at last minute: This is the second year that Florida Realtors® lobbied for reforms to the Florida Insurance Guaranty Association (FIGA), a nonprofit corporation that pays claims on behalf of insolvent insurance companies. HB 375, an omnibus insurance bill by David Santiago (R-Deltona), would have allowed FIGA to collect assessments in monthly installments if it has enough funds to pay claims for six months or more. This was important to insurance companies considering writing policies in Florida, because unexpected assessments reduce a company’s surplus and the funds available to pay its own claims.

Funding for water quality projects: With the goal of developing a comprehensive statewide water plan in 2015, the state budget earmarks $167.8 million for Lake Okeechobee, Indian River Lagoon and Everglades cleanup projects. When waters in Lake Okeechobee rise to dangerous

levels during the rainy season, the U.S. Army Corps of Engineers releases the excess water -- often polluted with toxic algae -- into nearby rivers and estuaries. This money will help pay for reservoirs, muck removal, elevated bridges to restore Everglades water flows south of the lake and research. Additionally, lawmakers approved $25 million for springs restoration.

A state study, but no lowering of sales tax on commercial leases this year: Gov. Rick Scott’s $500 million tax cut package earmarked $100 million toward a phase-out of the current sales tax on commercial leases. He understood that being the only state to impose such a tax puts Florida businesses at a competitive disadvantage with neighboring states and online retailers. But the Legislature wanted broad-based tax cuts, such as lowering vehicle registration and title fees. In the

Continued on P. 29, See SADOWSKIOffices in Downtown Sarasota, FL & Lancaster, PA

888.735.2008

Experienced Assistance for the Real Estate Industry

A realistic, no-nonsense approach. We listen to your needs and move the process forward, fast.

Reliance offers a discount to SAR members on Due Diligence Services:

• Phase I and II ESAs • SBA Loan Experience • Dry Cleaner Assessment

• Ecological Surveys • Soil & Groundwater Testing • Gas Station Investigations

Professional Environmental Consulting

ASSESSMENTS TO REMEDIATION—WWW.RELIANCEENV.COM

www.sarasotarealtors.com Sarasota Realtor® Magazine JUNE 2014 7

Page 8: Srmag june2014 web

Schedule a visit and register your clients today.

Prices shown are estimated base prices, do not include lot premiums or options and are subject to change without notice. Community Association fees required. Additional terms, conditions and restrictions apply. Photographs are for illustrative purposes only and are not intended to be an actual representation of a specific community, neighborhood or any completed improvements being offered. Please see a sales associate for details. This material shall not constitute a valid offer in any state where prior registration is required or if void by law. ©2013 Centex Real Estate Corporation. All rights reserved. 8/5/13. CBC057850.

get ready for new home designs that accommodate everything, even your client’s budget.

We think your clients should get everything they want when buying a new home. That means even newer, more flexible living spaces designed to fit their lifestyle at prices they can afford. Centex is offering new floor plans and more design options so your clients can definitely find the home they’ve been waiting for. It’s everything your clients want in the affordable comfort of a new Centex home.

Call 866-290-9110 or visit centex.com to learn more.

RIVERWOODPORT CHARLOTTE FROM THE HIGH $100s•1,641-1,911sq.ft.

•2-3BedroomAttachedVillasand SingleFamilyHomes

•Clubhouse,GolfCourseandBeachClub

CypREss FallsNORTH PORTFROM THE MID $100s•1,641-1,911sq.ft.

•2-3BedroomSingleFamilyHomes

•Clubhouse,ResistancePool, PuttingGreenandMore

THE REsERVE aT CROssING CREEK BRADENTONFROMTHELOW$200s•1,911-3,242sq.ft.

•3-4Bedroom1-and2-Story SingleFamilyHomes

•2NewDecoratedModelsNowOpen

Cypress Falls, Vernon Hill II Great Room

Put yourself in a better place™

V e n i c eb r a d e n t o n n o r t h V e n i c e

Exceptional communities. Quality homes. Extraordinary amenities. Outstanding customer service.

LakeOkeechobee

LakeOkeechobee

75

75

75

75

95

95

95

95

27

98

92

75

4

4

301

301

17

17

17

98

27

6464

275

275

19

19

19

41

41

41

41

41

60

60

92

FLORIDA TURNPIKE (TOLL)

674

Orlando

Exit 195

Exit 220

Exit 193

Tampa

Bradenton

Sarasota

Captiva Island

Venice

NORTHNORTH

wcicommunities.com

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Void where prohibited. All references to clubs, golf clubs and membership opportunities and other amenities are subject to fees, dues and availability. All prices and availability subject to change without notice. ©2014 WCI Communities, Inc. All rights reserved. CGC 031523

Homes from the low $200s to the $700s.

Golf, Tennis, Planned Clubhouse with dining, fitness and pool

(941) 234-4470

Golf Club, River Club,

Tennis

(941) 485-5063

Clubhouse, Tennis, Boat Slips, Dog Park

(941) 465-4001

Live the Good Life

Page 9: Srmag june2014 web

Schedule a visit and register your clients today.

Prices shown are estimated base prices, do not include lot premiums or options and are subject to change without notice. Community Association fees required. Additional terms, conditions and restrictions apply. Photographs are for illustrative purposes only and are not intended to be an actual representation of a specific community, neighborhood or any completed improvements being offered. Please see a sales associate for details. This material shall not constitute a valid offer in any state where prior registration is required or if void by law. ©2013 Centex Real Estate Corporation. All rights reserved. 8/5/13. CBC057850.

get ready for new home designs that accommodate everything, even your client’s budget.

We think your clients should get everything they want when buying a new home. That means even newer, more flexible living spaces designed to fit their lifestyle at prices they can afford. Centex is offering new floor plans and more design options so your clients can definitely find the home they’ve been waiting for. It’s everything your clients want in the affordable comfort of a new Centex home.

Call 866-290-9110 or visit centex.com to learn more.

RIVERWOODPORT CHARLOTTE FROM THE HIGH $100s•1,641-1,911sq.ft.

•2-3BedroomAttachedVillasand SingleFamilyHomes

•Clubhouse,GolfCourseandBeachClub

CypREss FallsNORTH PORTFROM THE MID $100s•1,641-1,911sq.ft.

•2-3BedroomSingleFamilyHomes

•Clubhouse,ResistancePool, PuttingGreenandMore

THE REsERVE aT CROssING CREEK BRADENTONFROMTHELOW$200s•1,911-3,242sq.ft.

•3-4Bedroom1-and2-Story SingleFamilyHomes

•2NewDecoratedModelsNowOpen

Cypress Falls, Vernon Hill II Great Room

Put yourself in a better place™

V e n i c eb r a d e n t o n n o r t h V e n i c e

Exceptional communities. Quality homes. Extraordinary amenities. Outstanding customer service.

LakeOkeechobee

LakeOkeechobee

75

75

75

75

95

95

95

95

27

98

92

75

4

4

301

301

17

17

17

98

27

6464

275

275

19

19

19

41

41

41

41

41

60

60

92

FLORIDA TURNPIKE (TOLL)

674

Orlando

Exit 195

Exit 220

Exit 193

Tampa

Bradenton

Sarasota

Captiva Island

Venice

NORTHNORTH

wcicommunities.com

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Void where prohibited. All references to clubs, golf clubs and membership opportunities and other amenities are subject to fees, dues and availability. All prices and availability subject to change without notice. ©2014 WCI Communities, Inc. All rights reserved. CGC 031523

Homes from the low $200s to the $700s.

Golf, Tennis, Planned Clubhouse with dining, fitness and pool

(941) 234-4470

Golf Club, River Club,

Tennis

(941) 485-5063

Clubhouse, Tennis, Boat Slips, Dog Park

(941) 465-4001

Live the Good Life

Page 10: Srmag june2014 web

SSAR Salutes $99 RPAC Contributors

Gov

ernm

enta

l Aff

airs SAR asks members to

voluntarily support RPAC by contributing $99 or more each year to support RPAC activities on local, state and national levels. Major Investors are shown in red and will be featured later this year.

On behalf of the SAR Board of Directors, and the RPAC Committee we salute our $99 Club Contributors listed below! For more information, contact Marc Mansfield at [email protected].

Abel, George Abramson, Bruce Acheson, Murray J Adair, Elaine Addy PA, Ian Alba, Rae M Allen, Sania Amador, Margaret F Amon, T. Mark Anderson, Robert T Arthur, Sam E Atkinson, Deeana M Babiarz, Vicki N Bagley, Mark Bailey, Steven C Bain, Brian Roland Barrington, Diane H Beacham, Deborah M Bell, Joseph A Beninato, Michael Benjamin, Gary P Benson, Laura Berger, Judie Beychok, Carey Biter, Tina Blackburn, Yvonne M Blomquist, Timothy A. Blomster, Debora R Bollinger, Steve Bradshaw, Brenda A Brantley, Pamela Keen Brennan, James A Brenner, James Bridges, Michael J Brink, John Brinkman, Deke Brittain, Bill Brock, Gregory D Brooker, Simon Brown, Glenn T

Bruno PA, Michael W Brunson, Laura Buice, John A Burke-Phillips, Michelle Cameron, Tracy L Carey, Lori A Carpenter, Lora Aston Carroll, William Carson, S Dudley Carvel, Randon Joel Casella, Robert M Cashi, Paula J Cashi, Tamara L Cashi-Haught, Lora L Castleberry, Rebecca Caswell, Bernadette Cerreta, Craig Chamberlain, Janet V Chandler, Karen A Charity, Gabriele Charron, Pamela J Clammage, Georgina Clapp, David P Clary, Janice L Claydon, James Cochrane, Michael Allen Collier, Janis L Comerford, Kathleen Conklin, Mary F Conklin, Thomas W Connaughton, J Maurice Conover, Belle L Conrad, Allen Coon, Mark Sheldon Couch, Delver D Cox, Heidi Crabtree, Michelle Crane, Shawn Cristello, Gail T Crowley, Peter M Culp, Rebecca J Cunningham, Sharon Currey, Tamara Currey, Todd A Curry, Edward T Dabringhaus, Shirley Davidovich, Igor A Davenport, Michael De Manio PA, Betsy DeBellevue, Ann Watson DeCastro, Julia DeLieto Jr PA, Leon R Dean, Paige E Debbs, Gina L

Delaney-Quillen, Mary H Denapoli, Richard Lee Denton, Nancy L Derr, Terri Dickinson, Joan A Doherty, Patrick F Donnelly, Kandace F Dorr, Lora Lee Doyle, Faye Doyle, Jayde M Drake, Amy Bressler Drews, Elisa Drews, Matthew R DuPont, Kathleen Dorothy Dugan, Janet R Dumas, Albert Dunn, Brian J Edelen, Gary Charles Edwards, Doris R Ehlert, Gary Elmore, Donna Esses, Ellen Laura Fadley-Dane PA, Iva D Fava, Heather Carol Ferraro, Thomas M Figlow, Nicholas P Fingerle, Mary Ann Flagg, Cristy Lynn Flanders, Jennifer P Flannagan, Mark Flynn, William Robert Fogarty, Carl F Fogarty, Marie Helen Foley, Roxanne Forgea, Stephanie Ann Forslund, Jonas Foster, Cindy J Fous, Gregg Alan Franzetti, Paul Fraser, David S Freden, Gregory Freiwald, Kimberly A Funk, Jenifer Susan Furtado, Cindy Lee Furst, William Garden, Niles T Gardner, James G Gaukhman, Yuliya Geller PA, William A Gesell-Hirschman, Jamey Gilliland, R Kim Goldstein, Susan Grande, Jason P Grant PA, Duneska

Gray, Melinda S Gray, Robert C Greenfield, William A Griffin, Kathleen C Groom II, David C Guenther, Patricia A Guentner, Bryan L Gusto, Renee Guttman, Cynthia D Hackett Jr, Walter G Hackett, Barbara J Hagan, Pamela J Hansen, Laura Hart, Kathleen R Hayes, Stephen A Hebda, Bernice Hedge, Charlotte F Heers, Ryan Hellstrom, Lori Hembree, Joe C Hembree, Joe R Henderson, Mark S Heritage, Ellen R Hinz, Jurgen Hirschman, James E Hochstetler, Jason A Hocking, Beth M Hofmann, Angela Hogan, Chip Holbrook, Rita M Holland, Michael James Horn, Maureen Horne, Jennifer A Howse, Jennifer M Huff, Janet D Hughes, Jennifer Ann Huitema, Bart Hunt, Martha Ann Ingorvaia, Angelo Iorio, Ralph V Jaret, Laura P Jaret, Rory Thomas Jiganti PA, Ann F Jimenez PA, Melba Jones, Richard John Judge, Deborah Kaminski, Anna Kaplan, Zachary C Kedzierski, Dennis Kelley, Thomas A Kellogg, Jami Noe Kennelly, Brian J Kiesewetter, Ken King, John R

Marc Mansfield can be reached at 941.952.3410

10 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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Klee, Kim Klee, Viola R Koffman, Donna J Kotaska LLC, Dennis G Kotaska, Theresa Ann Kovacs, Laszlo Z Kozak, Ingrid D Krashchenko, Stella Krumm, Stephanie L LaFlamme, Sandra E Lamb, Tara Larus, Preston Lasky, Harold Latino, John A Laughlin, Peter G Lawhorne, Darrell Franklin LeBar, Marianne LeVine, Pamela A Leduc, Charles R Leduc, Lorna S Leereveld, Bart W Leicht, Sara Lekic, Slavisa C Lento, Tracey E Lersch, Charles D Liberman, Marlene Lichter, Debra D Liljeberg, Stacy S Lima, Karen Lindberg, Bradford W Linton, Anthony William Lockhart PA, Lori Loebker, Brian Lorie, Janet C Losch, Scott A Lupson, Jayne S MacKenzie PA, Margo L Mahoney, Gregory Peter Mapp, Timothy Marcone, Michael Anthony Marlar, Martha W Marquardt, Russell F Marquiss, Renee Maslen, Sandra T Masopust, Rudolf Mast, Tammy R Masters, John Masters, Nancy Matteoli PA, Susan R McClain, Tana M McCollum, Linda May McCulloch, Lucy A McDavit, Susan Jane McDonald, Andrew M McDonald, Barbara G McDonald, Luz Miryan

McDonald, Ryan McFarland, Marci McLaughlin, Dick McLaughlin, Marcia L McLeroy Jr, Dan H McMahon, Rene McNamara, Thomas E Mei, Barbara A Mei, Denise P Meister, James W Mejias, Fernando Meskil, Brian Miller, Lauren E Mitchel, Cary Mohan, Marsha L Monismith, Mark L Moore, Nancy H Morris, Marian E Morton, Peter M Moulton, Michael Mudgett, Pat Murphy, Jay Najmy, Barbara Nanfelt, Stephen P Naylor, Jennifer Ann Nelson, Deborah Nesci, Raymond Nguyen, Tuan Kim Nolander, Nathalie Novakovic, Shea Nutt, Carla O’Dea, Maryline J O’Neil JR, James Patrick O’Neil, Suzanne Nicole ONeil, David Ochoa, Juana Ostrowski, Susan Page, Daniel J Page, Linda A. Paige, Babette Paley, Sheldon Papineau, Lois Paquette, Bruce William Pfeiffer, Karen Phelps, Susan Phillips, Nancy E Phipps, Brian E Piro, Roger M Pitchford PA, Christina R Plummer, Jerri A Podolak, Andrew T Portman, James Power, Felix Pratt, Barbara E Pruitt, Rosemary L Rayman, Carla

Reece, Martyn C Reutter, Thomas Riddell, Jefferson F Rider, Steve Ridgeway, R Glen Riley, Bill L Riley, Linda Maureen Robbins, Kevin L Robbins, Lynn Roberts, Kathy Robinson, Janet K Rocha, Maria Cecilia Rodgers, Lori J Rogers, Cynthia Rogers, Ronna L Rogers, Virginia Alane Rosario, Mike Rosenberg, Jay David Ross, Ann T Ross, Ellen B Rossnagle, Terre L Runyon, Gail L Russell, Drew Ryan, Terry Ann Safonov, Nikolay Salisbury, Dan N Sancranti, Denise C Sandmeyer, Kira I Schomaker, Judy Schwabe, Camille Schwartz, Karen J Shah, Chuck Sieger Jr, Fred W Simons III, Charles Allen Smith, Morris Smith, Olga Borisovna Snyder, Robert C Soda, Donna Soda, Jim Souza Jr, Tony Gracia Spencer, Carolyn M Spina, Daria Sproehnle, Patricia Srur, Kristen H Stahl, Juergen Stanley, Robert Stanoch, Annette Stanoch, Mark Starcher PA, Linda I Starcher, Stafford L Starling, Fred M Stavola, Laura E Stepien, Rafal Stefan Steward, Joyce Marie Stickler, Douglas L Stoltzfus, Fannie Caroline

Strom, Jerry Strout Koken, Lauren Stultz, Victoria L Styers, James David Swanepoel, Ansu Sweeney, Pam Swenson, David E Swilley, Regina M Tan, Patricia A Terry, Robert Thomas PA, Debra A Toole, Clark Triolo, Kristin K True, William C Turgeon, Marc Ucci, Kathleen E Uihlein, Brendra B Vac, Andrew Vallone, Xena A

Van Natter, Gregory Vance, Cheryll Ann Villa, Judson T Viteri PA, Fernando Wagner, Tom Waguespack, Daniel P Wajszczak, Iwona Walker, Angela Walter, John R Walters, Gregory E Ward-Paramore, Adrienne C Watkins, Samuel Wayland Jr, Terry Ray Weinstein, Gregory D Weiss, J Ruediger Westbrook, Mary L Wettlaufer, Janet White, Scott M

Whitfield LLC, Sharon Whitfield, Keith Widomski, Bogdan Wilkes, Catherine L Wilson, Cheryl L Wilson, Craig S Wilson, Ellen V Wilson, Gemma Cecelia Wingardh, Peggy Ann Winick, Sharyn Ann Wittig, E. Gail Wooster, Albert Worth Paul, Amy L Yawitz, Michael Young, Elizabeth Zimmerman, Glenn Allen Zucchelli, E Jean Zunica, Carolyn S Zwick, E. Toulla

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EPr

oper

ty A

ppra

iser Annual Report for real

and tangible property valuesBy Bill Furst, GRI, CRS, CRBSarasota County Property Appraiser

Every year our office publishes a report on real and tangible property values for the most recent tax year, including a historical overview of changes in relation to previous years. Some of the highlights of this year’s report are:

- In 2013, Market Values in Sarasota County increased almost 6% over the previous year. ( page 4)

- Taxable Values for all properties in Sarasota County increased by 4.1% for the first time since 2007. (page 7)

- 40% of parcels in Sarasota County benefited from a Homestead Exemption in 2013. (page 17)

- Increases in Market Values resulted in 82% of homestead exempt parcels realizing a Save Our Homes differential compared to only 28% in 2012. (page 18)

- Non-homestead residential parcels with 9 units or fewer saw a 900% increase in the number of parcels with the 10% Assessment Limitation Cap differential.(page 19)

- 522 property owners transferred their accumulated Save Our Homes Cap differential, also known as Portability, to a new homestead in Sarasota County. (page 19)

- New construction values for 2013 increased approximately 160% after years of declines and stagnation. (page 22)

- As a result, the downturn in acres of land classified as agricultural continues. (page 23)

- Sarasota County ranks 10th in taxable value among all Florida Counties. (page 27)

Detailed information on these topics, for the City of Sarasota, the City of North Port, the City of Venice and the Town of Longboat Key, as well as the County, along with a list of the various other taxing authorities, is available to you in our Annual Report found at www.SC-PA.com under the “Our Office” tab.

For more information, contact the Property AppraiserBill Furst’s office at 941.861.8200.

Our 2013 Annual Report is available online Every year our office publishes a report on real and tangible property values for the most recent tax year, including a historical overview of changes in relation to previous years. Some of the highlights of this year’s report are, In 2013, Market Values in Sarasota County increased almost 6%

over the previous year. ( page 4)

Taxable Values for all properties in Sarasota County increased by 4.1% for the first time since 2007. (page 7)

40% of parcels in Sarasota County benefited from a Homestead Exemption in 2013. (page 17)

Increases in Market Values resulted in 82% of homestead exempt parcels realizing a Save Our Homes differential compared to only 28% in 2012. (page 18)

Non-homestead residential parcels with 9 units or fewer saw a

900% increase in the number of parcels with the 10% Assessment Limitation Cap differential.(page 19)

522 property owners transferred their accumulated Save Our Homes Cap differential, also known as Portability, to a new homestead in Sarasota County. (page 19)

New construction values for 2013 increased approximately 160% after years of declines and stagnation. (page 22)

As a result, the downturn in acres of land classified as agricultural continues. (page 23)

Sarasota County ranks 10th in taxable value among all Florida Counties. (page 27)

Detailed information on these topics, for the City of Sarasota, the City of North Port, the City of Venice and the Town of Longboat Key, as well as the County, along with a list of the various other taxing authorities, is available to you in our Annual Report found at www.SC-PA.com under the “Our Office” tab.

Typically, at this time of year, we’re giving you updates on Florida Legislative changes made to statutes governing property valuation and exemptions.

House Bill 7090 that will go to Governor for final passage will give property owners the ability to file their late filed (with cause) application for agriculture classification exemption with their property appraiser, rather than having to file a petition with the county Value Adjustment Board.

In the 2014 legislative session, there were no other changes in statutes and rules governing the operation of this office. Fingers crossed for the 2015 session. We’ll keep you posted.

For more information please contact the Property appraiser’s office at [email protected] or 941.861.8200.

12 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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Don’t miss this year’s District 13 Conference and Trade Expo at the Charlotte Harbor Event and Conference Center in beautiful Punta Gorda, Florida. Mark your calendars for Friday, June 20, beginning at 9 a.m. Cost for the entire day of informative seminars, plus a delicious breakfast and lunch, as well as real estate trade expo, is only $20 through June 13.

The Sarasota Association of Realtors® is this year’s organizing association for the districtwide event.

The theme for this year’s conference is “Believe: In Yourself, Your Market and Your Business.”

Dr. John Tuccillo, Chief Economist with Florida Realtors®, is the Keynote Speaker, and his topic is “The Comeback of SW Florida: Why Won’t Anyone Believe Us?” Following a review of the Florida real estate recovery, Tuccillo will examine the arguments, statistics, and hidden agendas of those who won’t

acknowledge the recovery and insist we are headed for a new bubble.

Other speakers include:- Darla Furst and Juana Watkins,

who will discuss the topic “BELIEVE … That FREC is a good thing!”: Watkins, the Director of the Florida Real Estate Commission, will share statistical information on complaints, investigations, unlicensed activity, exam performance, and others. Commissioner Furst will review violations that are on the rise and in what areas licensees need to be especially careful.

- Barry Grooms of RE/MAX Alliance will discuss “Prospecting with Tools You Already Have”. If you are

like most agents, you have purchased a magical program or book that will get you rich, only to find it unopened the last time you cleaned out your office. This session will help you generate new listings.

- David M. Levin, Environmental Attorney, Icard Merrill, will offer “How to Avoid Getting Sued by a Buyer of Waterfront Property”: Awareness, answers, and advantage.

- Denise Oyler, Realtor®/Trainer with Rosebay International Real Estate, will speak on “Personal, Professional & Profitable”: Customer service, communication, and lead conversion are the keys utilized on a day-to-day basis which will result in profitability.

The trade show expo will be open from 9 a.m. to noon, close briefly for lunch and the keynote address, then reopen from 1 to 3 p.m. Closing ceremonies will follow, with drawings and prize giveaways.

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www.sarasotarealtors.com Sarasota Realtor® Magazine JUNE 2014 13

Page 14: Srmag june2014 web

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The SAR Nominating Committee, chaired by Laura Benson, has submitted Officer and Director nominees for the 2015 Board of Directors.

The committee selected the following slate for the election to be held at the SAR Annual Meeting on Thursday, September 18, at a location to be determined.

Officers:President Stafford Starcher, RE/MAX Alliance GroupPresident-Elect Xena Vallone, Xena Vallone RealtyTreasurer Christina Pitchford, Allen Real Estate ServicesSecretary Joe C. Hembree, Hembree and Associates

Directors to serve a 3-year term:Jag Grewal, Ian Black Real EstateBrian McGreevy, Sarasota Home RealtyDenise Oyler, Rosebay InternationalAlfredda Smith-Odato, Re/Max Alliance GroupJoyce Steward, Joyce Steward Real Estate

1-Year Term as DirectorAmy Worth-Paul, Re/Max Platinum Realty

Members may submit additional nominations by petition signed by at least 20 SAR Realtor® members. The petition must be filed with the Association by 5:00 p.m. on Friday, June 13. For information and forms, look under Hot Topics on SAR’s website at SarasotaRealtors.com.

Candidates for Director must be a Realtor® member of SAR for at least two years immediately prior to election, and must have served on an SAR committee prior to election. No more than three Directors from the same firm may serve.

Information about the candidates will appear in the July issue of Sarasota Realtor® Magazine If petitions are received for eligible candidates, the election will be held by ballot prior to the Annual Meeting. Otherwise, the election will be held by voice vote at the Annual Meeting in September.

Stafford Starcher, RE/MAX Alliance Group, who is serving as President-Elect in 2014, will

automatically become President on January 1, 2015.

President Peter Crowley, RE/MAX Alliance Group, will continue on the Board as Immediate Past President.

Directors whose terms continue in 2015 are: Steve Bailey, Coldwell Banker Residential; Georgina Clamage, Michael Saunders & Company; Alex Krumm, Re/Max Alliance Group; Marianne LeBar, Michael Saunders & Company; Brad Lindberg, Sperry Van Ness Commercial; Margo MacKenzie, Wagner Realty; Renee Marquiss, Xena Vallone Realty; Steve Rider, Florida Internet Realty; and Bob Stanley, Coldwell Banker Residential.

Nominating Committee submits 2015 slate

14 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

Page 15: Srmag june2014 web

SProperty sales in county second highest in history

Sarasota County saw the second highest level of sales in its history in April 2014 – a total of 1,195 closed transactions recorded in the My Florida Regional MLS system. That figure was topped only by the 1,223 sales reported a decade ago, in April 2004, just preceding the real estate boom that saw rapid price escalation.

The other months close to that figure were in the spring and early summer months of 2004 and 2005, and in March, April and May of last year. In April 2014, 759 single family home sales closed, and 436 condo sales were completed. The totals were higher than March figures, (698 and 352, respectively) and last April’s figures (703 and 429, respectively).

“Activity has been robust, and clearly there continues to be tremendous interest in buying properties in Sarasota County,” said Sarasota Association of Realtors® President Peter Crowley. “Last year, June and July also continued to show a high level of sales and activity in the local real estate industry, so we are hoping for a repeat in 2014.”

In addition to the ongoing spring sales surge, distressed sales remained far below the levels experienced four years ago, indications of a strong market returning to historic norms. In April 2014, 16.6 percent of sales were short sales or foreclosure sales, compared to 22 percent in April 2013. The biggest contributing factor for the drop in distressed sales was the major decrease in short sales, with only 45 registered this April compared to 107 last April.

Median sale prices for single family homes and condos also continued to reflect a stable market, with moderate increases in April for both property categories. The median sale price for single family homes was $196,250, and for condos was $183,500. Single family was up about 3.8 percent from last month, and 4.4 percent from last April. Condo prices were up 8 percent from last month and up 14.7 percent from last April.

The median sale price for the 12-months ending in April, which moderates monthly swings, was $189,900 for single family homes,

about 15 percent higher than the previous 12-month period. For condos, it was $169,000, up 8.8 percent over the previous 12-month period.

Pending sales maintained a high level in April 2014, at or close to the previous several months, and economists consider pending sales to be a good indicator of potential future closed sales. If experts are again correct, we could see another very strong period of May and June sales, as we did in 2013. Pending sales were at 1,040 after hitting 1,248 in March 2014 - a level not seen for three years.

Inventory levels dropped in April 2014 to 4,728 from the March figure of 4,810. The inventory was over

5,000 in February, which was the first time since May 2011 – almost three years ago. The low point in the recent market was in July 2013 at 3,747, far lower than the current level.

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“Last year, June and July also continued to show a high level of sales and activity in the local real estate industry, so we

are hoping for a repeat in 2014.”- SAR President Peter Crowley

www.sarasotarealtors.com Sarasota Realtor® Magazine JUNE 2014 15

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Sarasota MLSSM Statistics - April 2014 Sarasota MLSSM Statistics - April 2014

Statistics were compiled on Sarasota County properties in the MLS as of May 15th, 2014. Single-family statistics are tabulat-ed using the property style single-family home. Median sales price is the middle value, where half of the homes sold for more, and half sold for less. Listings sold were closed transactions during the month.

Single Family

#Active #Sold %Sold Average DOM

Median Sale Prices

Median Last 12 Months

Months of Inventory

Pending Reported %Pending # New

Listings % Price Original

This Month 3,297 759 23.0 75 $196,250 $189,900 5.3 715 21.7 966 92.1

This Month

Last Year 2,665 703 26.3 89 $188,000 $165,000 4.6 710 26.6 797 93.3

Last Month 3,298 698 21.2 83 $189,472 $188,000 5.3 818 24.8 960 92.9

YTD - 2,492 - 78 $192,000 - - 2,881 - 4,054 -

Source: Sarasota Association of Realtors®

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Single Family

CondoMedian Sale Price

Source: Sarasota Association of Realtors®

0

100

200

300

400

500

600

700

800

Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Unit Sales Single Family

Condo

16 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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Sarasota MLSSM Statistics - April 2014 Sarasota MLSSM Statistics - April 2014

Condo

#Active #Sold %Sold Average DOM

Median Sale Prices

Median Last 12 Months

Months of Inventory

Pending Reported %Pending # New

Listings % Price Original

This Month 1,431 436 30.5 94 $183,500 $169,000 4.7 325 22.7 400 92.1

This Month Last Year 1,456 429 29.5 101 $160,000 $156,000 5.0 365 25.0 402 92.5

Last Month 1,512 352 23.4 85 $170,900 $166,529 5.0 430 28.6 445 92.6

YTD - 1,316 - 90 $175,000 - - 1,434 - 1,827 -

Sarasota Association of Realtors® MLS

0100200300400500600700800900

Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Pending Sales Single FamilyCondo

Sarasota Association of Realtors® MLS

0

1,000

2,000

3,000

4,000

Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Inventory Single Family

Condo

Statistics were compiled on Sarasota County properties in the MLS as of May 15th, 2014. Condo statistics include condo, co-op, villa and townhouse. Pending sales are sales where an offer has been accepted during the month, but the sale has not yet closed. DOM indicates the average number of days that sold properties were on the market before a contract was executed.

www.sarasotarealtors.com Sarasota Realtor® Magazine JUNE 2014 17

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Officers:President: Lori Hellstrom, Osprey Real Estate ServicesPresident-Elect: Tim Mapp, Mapp RealtyVice-President: Tony Veldkamp, Sperry Van NessSecretary: Ron Struthers, Coldwell Banker NRTTreasurer: Dave Roth, RE/MAX Alliance GroupPast President: Linda Emery, Sperry Van Ness

Directors:Rico Boeras: Sarasota Commercial Realty (3 years - 2016)Charlie Brown: Insignia Bank (3 years - 2016)Susan Goldstein: Michael Saunders & Company (2 years - 2015)Roberta Kolton: Michael Saunders & Company (2 years - 2015)Peter Skokos: Norton Hammersley (1 year - 2014)Joe C. Hembree: Hembree & Company (1 year - 2014)

2014 CID Officers & Directors

Commercial Marketplace SessionsIncrease visibility for your properties, learn of new opportunities, and exchange information with commercial professionals. Deals are made at these sessions.1st, 2nd & 4th Fridays at the SAR Auditorium3rd Friday at the MAR officesThe monthly general meeting (3rd Tuesday) includes a Marketplace session, giving members at least five opportunities each month to promote their listings and network with fellow members.

Commercial Marketplace Sessions- Friday, June 6th, 9 a.m. – TBD- Friday, June 13th, 9 a.m. – SAR Auditorium- Friday, June 20th, 9 a.m. – MAR, 10920 Technology Terrace, Lakewood Ranch, FL- Friday, June 27th, 9 a.m. – SAR Auditorium

CID General Membership Meeting- Tuesday, June 17th, 8 a.m. - TBD - SAR Auditorium- CID Members Only

CID Monthly Meeting Schedule

Lori Hellstrom, 2014 CID President

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Repeal of tax could spur growthFor two years in a row, Florida Realtors® have

been laying the groundwork for a repeal of the sales tax on commercial leases. Governor Scott proposed a reduction of one percent this year, with many rallying for a full repeal by 2019. Florida is the only state that levies this tax on businesses, negatively impacting our competitiveness and ability to attract new business, promote growth and create new jobs.

Opponents of the bill were concerned with the loss of revenue for the State, estimated at $1.9 billion through 2019. However, proponents indicated that the long term benefit would far exceed the loss of revenue, and proposed that the tax be phased out over the next 5 years, to minimize the fiscal impact. This proposed reduction in the cost to lease space would have a direct impact on business profitability, allowing for job creation and increase demand for commercial space, and also create a ripple effect with indirect positive impact to the economy.

Florida Realtors® commissioned Fishkind and Associates, Inc. to perform a study on the economic impact on the Florida economy from the repeal of the State sales tax on commercial leases.

The summary of their findings reveals:1) Commercial lease sales tax charged on gross lease

revenues represent an estimate $1.9 billion in revenue to the State of Florida through 2019.

2) Economic analysis showed removing the lease tax increased annual employment growth by 184,500 jobs.

3) The removal of the commercial lease sales tax revenue represents an estimated five-fold increase in economic benefit to the State of Florida.

4) Removal of the commercial lease sales tax would improve the State of Florida’s business climate with respect to overall competitiveness and tax policy.

Although the bill did not pass in the 2014 Florida Legislative Session in May, it is believed that progress is being made. In building a greater awareness and understanding, the issue will be in a better position for success next year.

18 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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Directors:Rico Boeras: Sarasota Commercial Realty (3 years - 2016)Charlie Brown: Insignia Bank (3 years - 2016)Susan Goldstein: Michael Saunders & Company (2 years - 2015)Roberta Kolton: Michael Saunders & Company (2 years - 2015)Peter Skokos: Norton Hammersley (1 year - 2014)Joe C. Hembree: Hembree & Company (1 year - 2014)

Allstate has no financial responsibility to you for any home insurance policy you purchase and would not be responsible for any claims. Allstate does not make any representations or accept liability related to operations of home insurance companies, including, but not limited to, their financial conditions. Subject to terms, conditions and availability. © 2012 Allstate Insurance Company

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4402

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Educ

atio

n Pr

ogra

ms

Catherine McCaskill, Professional Development,can be reached at 941.952.3404

Matrix training continues in JuneBy now you have seen the announcements from My

Florida Regional MLS (MFRMLS) that the cut-over to Matrix (the new system replacing MLXchange and Fusion) will occur on June 10th, 20 days earlier than originally scheduled.

On that day, all adding and editing of listings will be done in Matrix and the data in MLXchange and Fusion will be frozen and not be updated. It will be available until June 30th for you to check on saved searches or contacts or other personalization you may have made, but since it won’t be updated, you should not rely on them for searches, CMAs, or any other functions.

It is, therefore, critical for you to become familiar with Matrix and begin using it on a regular basis so you are comfortable with the new system by June 10th. If you are not sure what steps you should take prior to cut-over, MFR has provided a checklist to prepare you for the switch at http://www.matrixbuzz.com

Live training sessions have been scheduled at SAR and other associations. In addition, webinars will be available so you can train from the comfort of your home or office. A full schedule is available on MFR’s site, but a partial list is included below.Sign up for courses at gopherit.mfrmls.com

Matrix Training at SAR (live classes in auditorium unless noted otherwise)Transition to Matrix - Learn about navigation and basic functionality in the new Matrix system - searching, adding contacts, auto e-mails, hotsheets, and CMAs. This course does not qualify for any required MLS class.Wednesday, June 4 from 9 to 11amFriday, June 6 from 1 to 3pmThursday, June 12 from 11am to 1pmThursday, June 12 from 2:30 to 4:30pmManaging My Matrix - Learn about accessing and adding contacts, how to manage them, and understand the contact display. Also learn where to find your saved searches (from MLXchange/Fusion) and how to update them.Wednesday, June 4 from 11:30am to 12:30pmQuick & Simple CMA - Learn how to run a Quick CMA (1-line comparative market analysis) and a brief overview of the full CMA feature in Matrix (no CE credit).Wednesday, June 4 from 2:30 to 4pmMatrix Add/Edit - Learn where to find fields to enter/update your listings, upload photos, attach documents. This course does not qualify for any registered MLS class. Thursday, June 12 from 9 to 10am

PerformanceMaximum speed is central to the Matrix product

philosophy. Built for performance from the ground

up, the optimized system architecture allows agents to search, email, and operate the system faster than ever before. Test drive Matrix and see for yourself how fast the system responds to even the most complex query.

Integrated MappingSeamlessly combining search criteria, map, and results,

the dynamic mapping feature lets users click, zoom, and pan while results update in real time, automatically grouping map pins into clusters when there are too many to display.

Users can select listings from the result list or directly from the map for superior versatility. Bird’s eye view, street view, satellite view, and driving directions are just a few of the many display options available to users.

Stats GeneratorOne of the program’s most sophisticated features, the

stats generator provides agents with an endless array of statistical analysis options.

Starting with a search of any kind, agents can generate stats for a specific market area, time frame, listing status, or the entire multiple listing database!

Matrix offers numerous preset reporting options, making it easy for agents to generate up-to-date statistical reports featuring attractive charts and graphs with just a few clicks. Advanced functionality allows for the comparison of virtually any two market stats on the same chart.

Speed BarFrom listing records and tax records to agents and

search shortcuts, the Speed Bar dramatically reduces the time required to perform searches of any kind within the system.

Enter any value to immediately search across the entire system and across all table types. Easy-to-learn shortcuts make searching faster than you ever dreamed possible before Matrix.

Search HistoryWith Matrix, running a previous search is as simple

as a single mouse click. Matrix automatically saves your recent searches—complete with a date/time stamp and the number of results—and displays them in a list conveniently located near the top of each page.

20 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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GRI 300 series continues 2014 trainingTitle: Graduate, Realtor® Institute 2014Location: SAR, 2320 Cattlemen Road, SarasotaCost: $249 per Series (includes 2 modules)$130 (per single module)Real Estate Specialties (Series 300):GRI 301: “It’s More Than Just Sales” - June 23 & 24GRI 302: “Thinking Outside the Box” - June 30 & July 1Salesman’s Post-License (Series 100)GRI 101 - GRI 103: - July 21, 2014 - August 05, 2014 at 8:00 AM

Plan on starting, or completing, your GRI designation with GRI - 300 Series. Or begin GRI with GRI - 100 Series in July or August. Each Series offers 30 hours of broker’s post-license education, so if you recently earned your broker’s license, these courses together will earn you 60 hours which is all you need. Other licensees will earn 11 hours of CE with each Series.

Why take your GRI? Well - did you know that designees:

• Have pursued a course of study that represents the minimum common body of knowledge for progressive real estate professionals.• Have developed a solid foundation of knowledge and skills to navigate the current real estate climate—no matter what its condition.• Are recognized nationally.• Act with professionalism and are committed to serving their clients and customers with the highest ethical standards.

Real Estate Closings,Title Insurance, Short Sales

and Timeshare Lien Litigation

www.sarasotarealtors.com Sarasota Realtor® Magazine JUNE 2014 21

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Improve your basic MLS skills in JunePre-registration is required for all MLS classes at the web site gopherit.mfrmls.com. All classes are hands-on in the SAR Technology Center (except for Entering and Updating). Registration is limited to 18.Please be sure that you will attend if you reserve a spot! If you need to cancel, please call MFRMLS at 800.686.7451 (not SAR).

MLS BasicJune 17 or June 30,9 a.m. to NoonMandatory session for all new users, to be completed within 60 days of joining.This class will teach both new and returning agents the basic functionality including search, printing and emailing. You will also learn about additional resources and member benefits provided by My Florida Regional MLS, and more.

The class is also available online at: http://mfrmlsuniversity.com at your convenience.

MLS Compliance 101June 17 or June 30,1 to 2:30 p.m.This is a mandatory class for all new members to be completed within 60 days of joining. Existing members must complete the class every two year period, current period May 1, 2012 – June 30, 2014.In this class you will learn about the My Florida Regional MLS Rules and Regulations and compliance procedures

for accurately listing properties in the MLS Database, along with additional educational materials available on MFRMLSUniversity.com. • Rules and Regulations• Profile Sheet Terms• iSmart Tool

Adding/Modifying ListingsJune 17 or June 30,3 to 4:30 p.m.This class is mandatory if you will be adding and modifying listings in the MLS (but all agents are welcome to attend!)You will be taught how to input and modify listings, enter photos, and add attachments along with valuable tips and techniques.This class is available through live webinars or you may attend at SAR.• Profile Sheets• Adding listing information to MLS• Adding Photos, attachments and open houses• ShowingTime and Virtual Tours

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Let Us Help Your Company Go Green

Get 14 Hours of CEduring the slower summer

Title: 14 Hours CE License Renewal (Cost - $79 for members, $99 for non-members)Date/Times: Aug. 12-13, 9 a.m. to 5 p.m.Title: Core Law (Cost - $30 for members, $50 for non-members)Date/Time: Aug. 12 at 9 a.m. to NoonInstructor: Jim LoweRegister at www.sarasotarealtors.com

The Institute of Florida Real Estate Careers (IFREC) will be the provider for this license renewal course. This session provides the full 14 hours of continuing education needed for license renewal. The 14 hour session includes 3 hours of Core Law, which can be taken separately. No exam will be required.

The course is being taught by Jim Lowe, Senior Instructor, AA, St. Petersburg College, BA, Florida State University, Licensed Real Estate Broker.

This course offers timely information for licensees in short, lively lessons, and contains all new license law and FREC rule changes.

Continuing education is vital to your real estate career. Knowledge is power, and the real estate industry is always changing. The commitment of time and energy is well worth it for your business future!

www.sarasotarealtors.com Sarasota Realtor® Magazine JUNE 2014 23

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Property Management is hot topicTitle: 6 Hours of Property Management LawDate/Time: June 25, 9 a.m. to 4 p.m. (Registration at 8:30 a.m.)Location: SAR AuditoriumCost: Members - $30 if you register and pay online by June 20; $40 after June 20 or at the door ($50 for non-members).Instructor: Attorney Harry HeistCo-sponsored by: The Sarasota-Bradenton Chapter of the National Association of Residential Property Managers and the Sarasota Association of Realtors®3 CE Credits—lunch included!

Join us for this marathon six hour Landlord/Tenant seminar for property managers and those interested in becoming property managers - “From Application to Eviction and Everything In Between!”

This comprehensive course covers: new notices, new laws, new case law, new dangers, applications, inspections, deposit laws, tricks, abandonment, in-depth notice studies, eviction avoidance tips, property management agreements, lease clauses, inspections, new bankruptcy laws, FDCPA, FCRA, collections, screening, mold strategies, security deposit pitfalls, terminations, success through forms and notices,

liability avoidance, vendors, pet issues, rent withholding, releases, checklists, occupancy, condos and HOAs, lease breaks, procedures, streamlining, stipulations, abandoned property, letters corporate tenants, writ procedures, documentation, hurricanes, renewals and TONS MORE.

This is a comprehenmsive six hour class with over 100 pages of free handouts, forms and notices.

REGISTER ONLINE WITH NARPM:www.sarasota.narpm.org.

Inspections, from A to Z - Avoid the pitfallsTitle: Inspections & Repairs: Procedures & PitfallsDate/Time: July 16, Noon to 1:30 p.m.Location: SAR AuditoriumInstructor: Jeff Grebe, Esq., Williams ParkerCost: SAR/SCBA Members $10, $20 (non-members)LUNCH INCLUDED

Jeff Grebe, former law professor and attorney/partner at Williams Parker, will cover the following topics:

- Which inspections are right for your transaction?- Proper procedures for completing inspection items- Cosmetic defects and gray areas

- Repair limits- Repair standards- Inspections and repairs under “AS IS” contracts- WDO (a/k/a termite) inspections- Property Maintenance Requirement- Walk-through inspections- Repair escrowsThis course is part of the Realtor®-Attorney Joint

Committee events calendar for 2014.Register at www.sarasotarealtors.com

Shape up! Realtor® Boot Camp coming in JuneYou tune up the car, the A/C, the computer - even your

smartphone and tablet. But what about yourself and your business? Think about attending one or all of these helpful sessions for a true real estate business tuneup!Mining for Gold - June 10, 1 to 3 p.m. Instructor David Clapp provides practical pointers for obtaining hard-to-find information. Learn how to be a buyer sleuth.Simplifying Your Success - June 11, 1 to 3 p.m. Instructor Alex Krumm provides secrets that work - a collection of tips designed to amplify your skills and simplify your work. Efficiency is the key!

Knowledge is Power - June 12, 1 to 3 p.m. Instructor Laura Benson gives you a shot of contract power, so you can navigate contracts with confidence and competence.Professional and Profitable - June 13, 1 to 3 p.m. Instructor Denise Oyler explains how to put the whole package together - customer service, communication and lead conversion. Learn how to divide your time and and attention to get the most bang for your buck.Each session is priced at $10 ($15 at the door), and space is very limited. We cannot accommodate non-members due to high demand. Register online at www.sarasotarealtors.com

24 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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Glo

bal B

usin

ess

Coun

cil

The 2014 Sarasota Association of Realtors® International Real Estate Congress is set for Wednesday, Sept. 24, at SAR Headquarters, 2320 Cattlemen Road, Sarasota 34232. The event will be held from 9 a.m. to 4 p.m., lwith unch and networking reception after

Register now for the annual signature program of the SAR Global Business Council. Cost is $30 for Global Business Council members, $50 for non-Global Business Council members. With a current GBC membership of 225, space is limited, so please don’t delay your registration!

Our speakers will bring you up to date on the international economy as well as on the Florida real estate recovery. You will also learn how builders and

brokers are positioning themselves to capture the lucrative international real estate market. Changes in financing, immigration, and FIRPTA may also be discussed.

Keynote Speaker will be Dr. Lawrence Yun, Chief Economist, National Association of Realtors®.

Harold Bubil, Real Estate Editor for the Sarasota Herald Tribune, will moderate a panel of builders and brokers.

Platinum sponsor for the event is Moneycorp; D.R. Horton and Morgan Stanley are also sponsors. Contact Catherine McCaskill at 941-952-3404 for other sponsorship opportunities.

International Real Estate Congress Coming Sept. 24th

GBC celebrates 200thmember - Mark Monismith

Mark L. Monismith of Berkshire Hathaway HomeServices, Florida Realty, in Lakewood Ranch recently became the 200th member of the SAR Global Business Council.

The membership milestone was achieved in only two years, and once again demonstrates the scope and importance of international real estate to our association and to the local economy.

Since Mr. Monismith joined, the group has added yet more members, and now stands at 225 strong.

The young organization has been recognized for the past two years with the Gold Council designation from the Global Achievement Program of the National Association of Realtors®. This year, they are aiming for the Platinum desigantion. Annual membership cost is $25 and the application is online at www.sarasotarealtors.comMark L. Monismith

At left, Harold Bubil, moderator of the annual event, and at right, Keynote Speaker Dr. Lawrence Yun, Chief Economist for NAR.

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I

Susan PhelpsWCR President

Power from the Past

Susan Phelps President Berkshire Hathaway Florida Realty Phone: 941-906-7653 [email protected]

Kristin Triolo President-Elect Florida Homes eBroker Phone: 941-725-2486 [email protected]

2014 Leadership TeamTina Darling Membership/Marketing Chair Innovative Agent Services Phone: 941-921-5027 [email protected]

Alfredda Smith-Odato Treasurer RE/MAX Alliance Group Phone: 941-360-7777 [email protected]

In 1957, a local Realtor® named Bea Novak returned from the National Association of Realtors® Convention inspired and excited about the discovery of the Women’s Council of Realtors®. Although the organization started with the encouragement of the 1938 president of the National Association of Realtors® 19 years previous, this was new and explosive news for the women Realtors® in Sarasota.

Bea Novak founded a chapter in 1957 with a few but passionate women to build a chapter that is still thriving today to provide education, support and credibility to the current members.

On May 2, 2014, the Women’s Council of Realtors® gathered to pay tribute to the past presidents of the Sarasota Chapter of the Council. All told, 16 Sarasota Women’s Council past presidents were in attendance to enjoy a presentation of the history of our chapter.

This is an annual celebration, but this year was particularly special. Ann Ross and Doris Edwards, with the help of Tina Darling, produced a slide show depicting the birth and growth of the chapter using many original photos from scrapbooks and files handed down from President to President.

In attendance were the daughter and granddaughters of Bea Novak. It was my surprise to discover that they all lived in my neighborhood and Michelle Chapman, a granddaughter, recognized from my business cards that I was the current President of the chapter. She was able to provide some photos and information to Doris Edwards that made the event even more special.

Another inspiring attendee was Norma Martin, who is soon

approaching her 100 birthday. She is the person in the yellow blouse sitting front and center in the photograph. She still has an active license and is still closing transactions.

Another attendee, Sylvia Grooms, the 1967 President, told a story of an interview with a broker in the 60s that ended with the remark that if they were hiring “female” agents they would certainly hire her. But they weren’t and didn’t expect to be hiring female agents.

We’ve come a long way, and we will continue to be “a Network of Successful Realtors® advancing women as professionals and leaders in business, the industry and the communities we serve.

Marla Leung Secretary Koontz & Associates Phone: 941-225-2615 [email protected]

Jacqueline Abney Corresponding Secretary Berlin Patten Phone: 941-954-9991 [email protected]

On May 2, 16 Past Presidents of the local WCR chapter gathered for a photo, along with current presiodent Susan Phelps (far right).

26 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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Path

way

s to

Pro

fess

iona

lism

Editor’s Note: One of the goals in SAR’s 2014 Strategic Plan is to increase the professionalism of our members so they are recognized as true professionals and trusted advisors. Pathways to Professionalism is the National Association of Realtors® voluntary guide to professional courtesy, originally created in 1998. Each issue of the magazine will include a column to increase members’ awareness of the key concepts in the document.

The National Association of Realtors® has produced a great 10-minute video that provides tips and basic information about Pathways to Professionalism.

The video offers six “Timeless Tips” that can help the average Realtor® always be mindful of conduct that will keep them in good standing with their clients and with fellow real estate professionals.

These six tips are:

1) Follow the Golden Rule - do onto others as you would have them do to you. This one simple tip can make all the difference.

2) Show courtesy and respect to everyone.3) Communicate with all parties in a timely fashion.4) Present a professional appearance at all times. Dress

appropriately, and make sure your car is clean.5) Be aware of, and meet all deadlines.6) Be aware of and respectful of all cultural differences.The video goes into much greater detail, and would

be a good refresher to watch every year in order to keep Pathways to Professionalism at the forefront of your business dealings at all times.

The video can be downloaded at no charge from the NAR website, www.realtor.org (log-in required) and then type in the search bar: A Pathway to Professional Conduct. There are other good resources there, too.

NAR provides Pathways to ProfessionalismVideo

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Rea

ltor

®-A

ttor

ney

Join

t Com

mit

tee Escrow Matters: ‘It’s all about the money’

By Sylvia Golden Norris Esq.Realtor®-Attorney Joint Committee

Did you know escrow-related matters are one of the top claims filed with the FREC? Make sure you understand your duties; below are the basics.

Q: When is the deadline for a Sales Associate to deliver an escrow deposit to his/her broker?

A: Florida Administrative Code § 61J2-14.009 provides that Sales Associates have until the end of the next business day following receipt of escrow funds to deposit them with the broker. (Saturdays, Sundays, and legal holidays (as set forth in §683.01, Fla.Stats.) are not considered business days.)

Q: How much time does a Broker have after receiving escrow funds to deposit them in the Broker’s trust account?

A: Florida Administrative Code §61J2-14.010 and §61J2-14.008(3) require the Broker to immediately deposit the funds. Immediately is defined as the end of the third business day following receipt of the item to be deposited. (Saturdays, Sundays, and legal holidays are not considered business days.)

Q: Is it true that the Sales Contract must include information of the name, address and telephone number of the escrow holder?

A: Yes. Florida Administrative Code §61J2-14.008(2)(b) puts the burden on the real estate licensee who prepared or presented the Sales Contract to include this information. While it is only required when it is a title company or attorney and not the real estate broker’s office serving as the escrow agent, it is always a great idea to fill in the blanks.

Q: What do you do if at the time the buyer is making the offer and the cooperating agent is preparing the Sales Contract, you don’t know who will serve as the escrow agent? Can you put TBD (“to be determined”)?

A: Putting “TBD” does not satisfy the requirements under the rules. If you do not know who the Buyer or Seller wants to serve as the escrow agent at the time of the offer, and if you put in TBD for the escrow agent , then you should not accept any escrow funds. You should make sure the date you put in for the due date for receipt of the escrow funds is calendared so that by that date you have determined who the escrow agent will be and where the funds will be deposited. Be sure to notify all parties in writing of same. Remember, if you receive funds, you need to deposit them. If a buyer nominated a title company or an attorney is chosen to hold the funds, then you need to comply with the escrow verification procedure.

Q: What if the bank directs you to put TBD in the escrow information section of the Contract?

A: Same as above. A Bank directive is not a legal defense to a mandated Rule.

Q: If my buyer provides me a copy of the check (in person or by fax or email) made payable to a title company or law firm, can I rely on that?

A: Absolutely not. As the selling agent, you must comply with the escrow verification procedure, unless the seller nominated and chose the title company or closing agent in writing. Even if a buyer delivers a copy of the escrow check to you, they may not ultimately deliver it to the closing agent or title company.

Q: Who is responsible for following the escrow verification procedures?

A: Anytime a deposit is to be placed with either a title company or a law firm, if you are the Realtor® who prepared and presented the Sales Contract (likely to be the case when you are the cooperating broker/agent), you are required to do the following:

1. Put the name, address and telephone number of the title company or the attorney.

2. Within ten (10) business days after each deposit (so if there are two (2) deposits, this procedure will need to be repeated twice), you must make a written request to the title company or attorney to seek their written verification of receipt of the deposit. The only exception is if the deposit is held by a title company or by an attorney that was nominated in writing by the seller or the seller’s agent. (This is not typical, so it would be an exception rather than the rule.)

3. If after ten (10) business days, the licensee’s broker (Listen up, brokers) must provide the seller’s broker with either a copy of the written verification, or if nothing was received, notify them in writing that nothing was received.

Q: What is the procedure if the seller is not represented by a broker and my buyer designated a title company or attorney to do the closing?

A: If a seller is not represented by a broker, then you as the selling broker/licensee must notify the seller directly in writing under the same time frames noted above.

Q: Can I simply call the title company or the attorney to confirm they received the escrow funds?

A: No. A call is not a written verified receipt, and accordingly, you would not be provided any protection under 61J2-14.008.

28 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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our elected officials are making decisions that have a huge impact on the bottom line of Realtors® and their customers. Through the support of Realtors® like you, the Realtor® Party represents your interests.

As a member of the Realtor® Party, you are encouraged to vote for candidates at the local, state and national levels who support the Realtor® Party and make the right decisions for your profession and your customers.

Be sure that you register to vote, find your polling place, and help us keep our voter registration records up to date. Keep tabs on your elected officials through this magazine and other news sources. Keep up with issues important to Realtors®. You can find a wealth of information on the NAR Political Action Center web site (www.realtoractioncenter.com).

You can also now download a FREE Action Center mobile app, for use on your smart phone or tablet. Just search for Realtor® Action Center in your app store. Get the latest political news and headlines on issues affecting Realtors®.

RPACFrom Page 6

end, negotiators from both chambers settled on three sales tax holidays -- back-to-school supplies, hurricane supplies and energy-efficient appliances -- and tax breaks for child car seats, children’s bicycle helmets and college meal plans. However, the House Speaker pledged to order a comprehensive state analysis on lowering the commercial lease sales tax in advance of the 2015 legislative session.

Other real estate-related bills that passed:Further reductions to Citizens’ size and risk: The 2013

Legislature took big steps toward shrinking the state’s insurer of last resort. The list of action items remaining in this year’s main Citizens bill, SB 1672 by Sen. David Simmons (R-Altamonte Springs), isn’t quite as ambitious but will have an impact. Starting this July, Citizens will no longer write new multi-peril policies on condo buildings. It will, however, offer new wind-only policies. Another provision in the bill prevents contractors from rebating all or a portion of the deductible to the policyholder. This is aimed at curbing fraud, which is a felony. Effective July 1, 2014

Protecting consumers from post-claim underwriting: SB 708 by Sen. Aaron Bean (R-Jacksonville) creates a “Homeowner Claims Bill of Rights” to help protect policyholders from having their policies canceled and claims denied illegally. The legislation seeks to stop a practice known as “post-claim underwriting” used by a large Florida insurer to avoid paying claims. Example: A home burns to the ground due to an accidental fire. The policyholder files a claim. Accidental fire is clearly covered by the policy, but the claim is denied because, years earlier, a family member answered a question on the application incorrectly. The Bill of Rights also explains the claim-filing process and informs policyholders of possible unscrupulous practices used to deny claims. Insurers will be required to complete the underwriting process in 90 days and may not deny a claim and/or cancel a policy based on the insured’s credit information after their policy has been in force for 90 days or longer. Effective July 1, 2014

Expanded duties for Community Association Managers (CAM): Despite opposition from the Florida Bar, which petitioned the courts in 2012 to define many CAM activities as the unauthorized practice of law -- a third-degree felony

-- lawmakers approved HB 7037 . The House committee bill, filed by Ross Spano (R-Dover), allows CAMs to complete certain association forms created by statute or by a state agency, calculate and prepare assessment and estoppel certificates, negotiate financial terms of a contract on behalf of a Homeowners’ Association and draft pre-arbitration demands. Florida Realtors® supported an amendment on the House floor to prevent management companies from imposing additional charges incurred when collecting delinquent assessments. Effective July 1, 2014

New disclosure for new home construction: This disclosure is in response to an investigation of the nation’s largest homebuilder, which had retained oil, natural gas, water and other mineral rights beneath thousands of Tampa-area homes without properly notifying buyers. HB 489 by Rep. Ross Spano (R-Dover) impacts sellers who have retained, or will retain, subsurface rights of new homes and lots where a new home will be constructed pursuant to a contract with the seller. In these instances, sellers must provide a specific notice at or before the execution of a sales contract stating that the transaction does not include subsurface rights. Effective October 1, 2014

Local governments regain some “home rule” powers over vacation rentals: In 2011, the Legislature passed legislation prohibiting local governments from regulating, banning or creating new rules specific to short-term rentals. The industry grew -- 17 million Florida tourists stay in a rental home, according to the industry’s trade group.

Budget items:- $4 million from the State Housing Initiative Program

(SHIP) to the Department of Children and Families for homelessness programs

- $14.7 million tax incentive to Habitat for Humanity- $3.56 million for homeless grants- $505,000 for a statewide Homeless Advocacy and

Affordable Housing Campaign- $1.5 million for regional housing initiatives- Up to $500,000 to combat unlicensed real estate activity- $650,000 to complete the Department of Health’s

Florida Onsite Sewage Nitrogen Reduction Strategies study- $57.5 million to Florida Forever, the state’s conservation

land acquisition program

SADOWSKIFrom Page 7

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Mem

bers

hip

New

s The Association is pleased to welcome new members!Designated Realtors®

Ballarino, Joseph: Amerivest RealtyBrand, Kenneth: Brand Realty & AssociatesBrock, Lynn: Brock Realty Inc.Couch, Delver: Delver Couch Lic R.E. BrokerEpner, Gayle: Sarasota Luxury RealtyGrooms, Leigh Ann: Integra Realty GroupHernandez, Maria: Florida Sunquest Realty Inc.Hettema, Roger: Hettema CorporationLeClair, Andre: Andre LeClair PropertiesMcDugald, Robert: Future Home Realty, Inc.Medalie, Charles: DisneyRealty.Com Inc.Morris, Steven: Morris Williams RealtyOverfelt, Marc: Florida Bay Realty Inc.Shirley, Justin: Shirley International RealtyWerner, Nancy: Blue Sky Real Estate

New MembersAdams, Paul: Sarasota Real Estate GroupAlbrecht, Wendy: Exit King RealtyAutry, Samuel: Keller Williams Lakewood RanchBelknap, Matthew: Medway RealtyBerkun, Rachel: Michael Saunders & CompanyBrennan, Ellen: Coldwell Banker Res R EBrown, Frank: Coldwell Banker Res R EBurke, Margaret: Michael Saunders & CompanyCarrion, Olga: Michael Saunders & CompanyCaswell Clark, Krystal: Dunham Calabrese Realty Inc.Cintron, Kathleen: Coldwell Banker Res R ECoury, James: RE/MAX Tropical SandsCrews, Sherry: Realty Partners LLCCzako, Adrienn: Mapp Realty & Investment Co.Dalmas, Debbie: Horizon Realty InternationalDefer, Kristian: A Young Realty Group Inc.Donahue, Jeanie: KJIMS Real Estate LLCEmery, Leslie: Michael Saunders & CompanyEnright, Robert: Enright Realty Inc.Ferguson, Sara: Sarasota Luxury RealtyFirlej, Romuald: Realty Executives SolutionsFord, James: Keller Williams Lakewood RanchFreeman, Brandy: Realty Partners LLCGuaqueta, O. Fernando: Michael Saunders & CompanyHarris, Julie: RE/MAX Platinum RealtyHernreich, Sheri: Berkshire Hathaway HomeServiceHerter, Jami: Coldwell Banker Res R EHoffeditz, Marty: Berkshire Hathaway HomeServiceJackson, Kylie: Exit King RealtyKiernan, Kevin: Sarasota Bay Real Estate P.A.Kim, Theresa: Coldwell Banker Res R EKrumm, Andrew: RE/MAX Alliance GroupLarson, Julie: Keller Williams Lakewood RanchLerner, Sharon: Premier Sotheby’s Intl. RealtyLevar, Rebecca: Palm Aire Realty Partners LLCLoeppke, Cathy: DWELL Real EstateLofthouse, Matthew: DWELL Real EstateLoose, Jennifer: Rosebay International, Inc.Mihalik, Donald: Keller Williams Lakewood RanchMiles, Catherine: Premier Plus RealtyMitchell, Thomas: Sarasota Real Estate ServicesMoser, Julie: Palm Aire Realty Partners LLCOspina, George: Parisi Sam J Lic R E Broker

Perdisatt, Francis: Palm Aire Realty Partners LLCRakouskas, Amy: Michael Saunders & CompanyRitchie, Craig: RE/MAX Tropical SandsSantiago, Annette: Keller Williams On The WaterSchroeder, Michelle: Sarasota Bay Real Estate P.A.Snow, Katherine: Rossi & Company Inc.Swierkowska, Dorota: Keller Williams Lakewood RanchSwitzer, Paul: Keller Williams Lakewood RanchTaylor, Trevor: Michael Saunders & CompanyWalker, Ingrid: Atchley International RealtyWashio, Sara: Home Realty & Management LLCWestermeyer, Melvin: Coldwell Banker Res R E

Now With ...Alcober, Mary: Exit King RealtyAlley, Peta: Coldwell Banker Res R EBanka, Adam: Allison James Estates & HomesBarchard-Grimes, Linda: Horizon Realty InternationalBassil, Bassil: Morris Williams RealtyBillett, Nicholas: Brand Realty & AssociatesBirge, Joya: Andrews & Associates RealtyBlefeld, Mauri: Medway RealtyBusse, Eve: Premier Sotheby’s Intl. RealtyCollins, Alicia: Keller Williams Lakewood RanchComerford, Kathleen: Berkshire Hathaway HomeServiceCrawford, Marsha: J Wood RealtyDerketsch, Lisa: Exit King RealtyGagg, Michael: Exit King RealtyGallatin, Michael: Genmark Property Group LLCGold, Roni-Marie: Keller Williams Lakewood RanchGregory, Carol: Berkshire Hathaway HomeServiceGrooms, Christopher: Blue Sky Real EstateHampton, Eileen: RE/MAX Platinum RealtyHessler, Karen: Keller Williams Lakewood RanchHickernell, Warren: Bright RealtyHutton, Timothy: Brock Realty Inc.Kvasny, Vladimira: Horizon Realty InternationalLewis, Craig: Premier Sotheby’s Intl. RealtyMarquard, Janice: Amerivest RealtyMazelin, Caroline: Bright RealtyMcLeod, Candice: Future Home Realty, Inc.Milicevic, Nelly: Parisi Sam J Lic R E BrokerMinor, Louise: Coldwell Banker Res R EMuenzmay, Donald: Harry Robbins Assoc IncNovakovic, Shea: Medway RealtyPaul, Robert: Berkshire Hathaway HomeServicePidghirnii, Ana: Stringer Management Inc.Piper,, David: Amerivest RealtyPreece, Susan: Harry Robbins Assoc Inc.Reid, Patricia: Keller Williams on the WaterRogers, Kelly: Keller Williams Rlty ManateeSanchez, Maia: Exit King RealtySanchez, Cecilio: Key Solutions Real Estate GrpShanley, Michael: ERA Waterside RealtySnyder, Brian: Waterfront 7 Realty LLCThierfelder, Robert: Wagner RealtyTurner, Lana: Medway RealtyWagner, Harold: Florida VIP Realty Inc.Werner, John: Blue Sky Real EstateWilcher, John: RE/MAX Fine Properties

Dan Andrews, Membership Director, can be reached at 941.952.3408

30 JUNE 2014 Sarasota Realtor® Magazine www.sarasotarealtors.com

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New AffiliatesBay Cities Bank2033 Main Street, Suite 100Sarasota, FL 34237Phone Number: 941-552-0924Representative: Sean PowersSpecialty: At Bay Cities, we take a different approach to banking. If you have experienced the bureaucracy of dealing with a larger financial institution you know there is a better way. As a community bank, we believe in a “user friendly” approach to supporting the individuals and businesses that help our community thrive. We are part of the fabric of Tampa Bay, along side of our customers. To us, inspiration and ambition signal success as much as a bulging bank account. That’s why we go out of our way to help the organizations, professionals and local business people in our community with the financial products and services they need. Bay Cities Bank. A Bank that Means Business.Email: [email protected]

Ed Klopfer Schools of Real Estate4068 Cattlemen RoadSarasota, FL 34233Phone Number: 941-379-2378Representative: Ed KlopferSpecialty: Real Estate Training Classes. Over 165,000 students have trusted Ed Klopfer Schools of Real Estate for their Florida Real Estate Education. Ed Klopfer Schools of Real Estate offers a complete curriculum of real estate and real estate related courses that are available online, as Correspondence Courses (by mail), and in the classroom in Fort Myers, Naples, Port Charlotte, Sarasota, and Tampa. Your success is our primary goal. We prepare you for more than a State exam...we prepare you for a career.Email: [email protected]

First Bank4601 Manatee Ave WBradenton, FL 34209Phone Number: 941-708-0314Representative: Luke TorresSpecialty: First Banks, Inc. and offers a vast portfolio of products and services for both individuals and businesses. In our fourth generation of family ownership, First Banks, Inc. now serves customers in 130 locations.Email: [email protected]

Florida Business Development Corporation2203 N. Lois Ave, Suite 755Tampa, FL 33607Phone Number: 813-348-0660Representative: Hoyt L Prindle IIISpecialty: Florida Business Development Corporation (FBDC) is a private, non-profit Certified Development Company and was established in 1989 to administer the SBA 504 Program. FBDC serves Florida, Georgia and Alabama. Its purpose is to assist healthy, growing small businesses, secure long-term, below market, fixed-rate financing for acquisition of fixed assets. “The Source For SBA 504 Lending”Email: [email protected]

Florida Fence5715 Pinkney AvenueSarasota, FL 34233Phone Number: 941-921-4659Representative: Amy PrangerSpecialty: We Build You a Better Fence. At Florida Fence, we manufacture our fences here at our local family-owned facility, offering residential and commercial customers a far superior product than you’ll find at the big home stores. We pride ourselves on building a better fence that holds up under tough Florida conditions, using heavy-duty materials, rugged hardware, and quality workmanship. Each fence is hand-crafted and custom built to order, not factory made overseas. And since we purchase our materials in bulk from longstanding suppliers, our customers enjoy competitive pricing, too. Sarasota Company for 55 years and counting.Email: [email protected]

HouseMaids8140 Blakie Ct. Unit BSarasota, FL 34240Phone Number: 941-953-4300Representative: Brian O’NeillSpecialty: HouseMaids a full-service house cleaning company first started in 2005 and has grown to be one of the best cleaning companies around. We are a family owned and operated. Today our company is well known for outstanding cleaning and reliability.Email: [email protected]

Island Mortgage Services435 12th Street W. #202Bradenton, FL 34205Phone Number: 941-778-8448Representative: Janine M PetrarcaSpecialty: Here at Island Mortgage Services we are a group of seasoned professionals, offering a full menu of Mortgage Programs to fill every clients need. Our most important task: making certain each client we serve walks away from the settlement table with the confidence that brings them back to us & encourages family, friends & associates to contact us for all their mortgage needs.Email: [email protected]

Legacy Builders4985 Topsail DriveNokomis, FL 34275Phone Number: 941-412-4901Representative: Sybill JohnsonSpecialty: Focusing on quality and attention to detail, Legacy Builders leads the way in client satisfaction in custom home building throughout the Suncoast of Florida. We create a seamless and pleasurable experience when designing and building homes that meet or exceed our clients’ expectations. With the latest building materials, methods, and technology Legacy Builders is a leader in industry standards. Coupled with our strong sense of honesty, hard work, craftsmanship, loyalty, and integrity, our talented team of experts are prepared to build homes that leave a legacy.Email: [email protected]

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Monday Tuesday Wednesday Thursday Friday June 2 8:30 a.m. CIPS Institute: Local Markets

3 8:30 a.m. CIPS Institute: Trans. Tools

4 7:30 a.m. Toastmasters 8:30 a.m. CIPS Institute: Asia/Pacific 9 a.m.—4 p.m. Matrix Training

5 8 a.m. MLS Express (UPCC) 8:30 a.m. CIPS Institute: Europe

6 8:30 a.m. CIPS Institute: Americas 9 a.m. CID Commercial Marketplace (SAR) 1—3 p.m. Matrix Training

9 9 a.m. Orientation 1 p.m. MLS Orientation 1:30 p.m. Code of Ethics

10 1 p.m. Boot Camp 5 p.m. Suncoast Regional YPN KickOff (Libby’s Café & Bar)

11 1 p.m. Boot Camp

12 8 a.m. MLS Express (SAR) 9 a.m.—4 :30 p.m. Matrix Training 11:30 a.m. Membership Luncheon (Der Dutchman) 1 p.m. Boot Camp

13 9 a.m. CID Commercial Marketplace (SAR) 1 p.m. Boot Camp

16 1 p.m. Emerging Leaders

17 8 a.m. CID General Membership Meeting 9 a.m. Matrix Training (lab) 9 a.m. MLS Basic 1 p.m. Compliance 3 p.m. Adding & Editing

18 7:30 a.m. Toastmasters 12:00 p.m. RAJC Seminar: Inspections & Repairs: Procedures & Pitfalls

19 8 a.m. MLS Express (SAR)

20 9 a.m. District 13 Conference (Punta Gorda)

23 8 a.m. GRI Course 300 Series (Module 301)

24 8 a.m. GRI Course 300 Series (Module 301) 5 p.m. Affiliates After Hours Networking (Gecko’s on Hillview)

25 9 a.m. Property Management Law Seminar with Harry Heist

26 8 a.m. MLS Express (SAR)

27 9 a.m. CID Commercial Marketplace (SAR)

30 8 a.m. GRI Course 300 Series (Module 302) 9 a.m. MLS Basic 1 p.m. Compliance 3 p.m. Adding & Editing

July 1 8 a.m. GRI Course 300 Series (Module 302)

2 7:30 a.m. Toastmasters 9 a.m. MLS Basic 1 p.m. Compliance 3 p.m. Adding & Editing

3 8 a.m. MLS Express (UPCC)

4 Fourth of July Holiday—SAR Closed

JUNE 2014

Note: All events/classes are at SAR, 2320 Cattlemen Road, except where noted

My Florida Regional MLS Training The My Florida Regional MLS training classes are offered at no cost to MLS participants.

Please register for all MLS classes at the MFRMLS website: http://gopherit.mfrmls.com. Click on “Class Registration.”

EDUCATION & EVENTS CALENDAR